In-Kind Distributions. A Member shall have no right to demand and receive any distribution from the Company in any form other than cash. However, a Member may be compelled to accept a distribution of an asset in kind if the Company is unable to dispose of all of its assets for cash.
Appears in 12 contracts
Samples: Limited Liability Company Agreement (Grom Social Enterprises, Inc.), Operating Agreement (World Tree Usa, LLC), Operating Agreement (World Tree Usa, LLC)
In-Kind Distributions. A Except as set forth in Sections 12.2 and 12.3, a Member shall have no right to demand and receive any distribution from the Company in any form other than cash. However, a Member may be compelled to accept a distribution of an asset in kind if the Company is unable to dispose of all of its assets for cash.
Appears in 5 contracts
Samples: Letter Agreement (Bioceres S.A.), Letter Agreement (Bioceres S.A.), Letter Agreement (Bioceres S.A.)
